Corteva launches Brazil biotech soy, tackles Bayer head-on

Corteva Agriscience said it will start selling biotech soybean seeds in Brazil, as it seeks to bolster its presence in the world’s largest producer of the oilseed and tackle German rival Bayer AG .Corteva said its Enlist soybean seeds can resist three weed killers including glyphosate, ammonium glufosinate and the company’s own new formula containing 2,4-D choline salt.

Source: Yahoo!

Neoenergia signs agreement for green hydrogen production in PE

Neoenergia and the Pernambuco State Government signed a Memorandum of Understanding for cooperation and development of a pilot project for green hydrogen production at the Suape Port. The agreement will have a one-year term, which may be extended, and is in line with the strategy of parent company Iberdrola. Currently, Neoenergia has an installed capacity of renewable energies above 80% and expects this share to reach 90% in 2022, according to the conclusion of the projects in progress.

Source: Canal Energia

Judge orders Vale to pay $190 k for each worker killed in Brumadinho

A Labour Court ruling has determined that mining company Vale must pay compensation of 1 million reais ($190 k) for moral damages for each employee killed due to the rupture of a company dam in January 2019 in Brumadinho (MG). The company argued that it has already paid more than 2 billion reais ($385 mm) in civil and labour compensation associated with the disaster, after having signed agreements with more than 1,600 relatives of victims.

Source: Money Times

Embraer’s market cap gains $385mm with possible merger of “flying car” startup

Embraer gained almost R$2 billion ($385 mm) in market cap on Thursday, after confirming the negotiations that may culminate in the merger between its urban air mobility startup, Eve, and the SPAC (Special Purpose Acquisition Company) of the American Zanite Acquisition. The Brazilian aircraft manufacturer, which saw the end of its deal with Boeing in commercial aviation and the Covid-19 pandemic drain its stock market valuation, is now worth R$14.7 billion ($2.8 bn) on B3, the highest level in 24 months.

Source: Valor International

Gol buys MAP Transportes Aéreos for $5.3 mm

Gol Linhas Aéreas has announced the acquisition of MAP Transportes Aéreos, a domestic airline with regional routes and from Congonhas Airport in São Paulo, for R$28 million ($5.3 mm) in cash and shares. MAP is Brazil’s fifth largest airline, with a fleet of seven 70-seat ATR aircraft operating on routes in the Amazon region from Manaus Airport and in the South and Southeast regions from Congonhas, the country’s largest domestic airport.

Source: UOL Economia

JBS Fund for the Amazon approves first projects to receive $9.6 mm investment

The JBS Fund for the Amazon, established in September 2020, announces the first six projects that together will receive R$50 million in investments ($9.6 mm). The purpose of the fund is to promote actions to conserve and preserve the forest, improve the quality of life of local communities and foster scientific and technological development in the region.

Source: Money Times

Sugarcane is the source of 19% of the energy consumed in Brazil

A publication by the Energy Research Company (EPE) shows that sugarcane biomass represents 19.1% of the internal energy supply (IOE) or 39.5% of all renewable energy used in Brazil. Separately, sugarcane has already positioned the country as a global reference in clean energies, contributing to a participation above the world average, 13.8% of renewables in the matrix, and developed countries members of the Organization for Economic Cooperation and Development (OECD), 11%.

Source: Portal do Agronegocio